FX Daily Wrap Up

The US Dollar posted moderate gains following a sharp upward revision of U.S. September leading economic indictors. The October figure came in line with the expectation at 0.2%, and the September initial reading of 0.1% was revised up to 0.4%, indicating the economy is likely to remain in good shape. EUR/USD fell to 1.2810 after the release of the data. With the Thanksgiving Holiday in the US on Thursday, it is likely to be a slow trading week with smaller trading ranges for the majors. Often this is a time for professionals to recalculate their trading performance and adjust plans to finish out the year. XPRESSTRADE Analyst David Hilgeman